PPP Loan Data — Breadroll LLC, New York, NY

Breadroll LLC

Entity: Limited Liability Company (LLC)

Industry: Full-Service Restaurants

Location: New York, NY

Breadroll LLC is a limited liability company (LLC) located at 373 Park Ave South in New York, New York that received a Coronavirus-related PPP loan from the SBA of $6,662,292.00 in April, 2020.

$ PPP Loan Information
Loan #9229447105

Loan Size:

$6.66M

Jobs Retained:

500

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

Santander Bank, National Association

Breadroll LLC in New York, NY received a Paycheck Protection Loan of $6.66M through Santander Bank, National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Breadroll LLC's 2019 payroll expenses are estimated to be at least $31.98M.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $63,958 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Breadroll LLC reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $6,662,292

Because the loan received by Breadroll LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Breadroll LLC in New York, NY

Breadroll LLC
373 Park Ave South
New York, NY 10016

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-12

Similar Companies near New York

In the New York area, 493 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 500) and received an average PPP loan of $309,671 (compared to this company's $6.66M).

Similar Nearby Businesses Who Received PPP Funding:

Dozen Bagels Co., Inc
New York, NY

$84,533 PPP Loan

Shoriki,Inc
Ny, NY

$133,000 PPP Loan

729 Third Ave Restaurant LLC
New York, NY

$41,892 PPP Loan

Atomix NY Inc
New York, NY

$212,110 PPP Loan

Madison & Vine, LLC
New York, NY

$254,000 PPP Loan

39 Akura Sushi Inc
New York, NY

$80,325 PPP Loan

Peanut Butter & Kimchee LLC
New York, NY

$595,605 PPP Loan

Peak Thai Inc
Nyc, NY

$55,300 PPP Loan

NYC 003 211 E 43Rd St NY LLC
New York, NY

$472,027 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 326,413 businesses in the "Full-Service Restaurants" industry received a total of $42.5B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 96% lower than Breadroll LLC's reported 500 employees, and received an average PPP loan of $130,196, 98% lower than this company's loan of $6.66M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

Have FederalPay.org's open data tools been valuable? Consider donating!